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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

Oil Field
12-02-2025

New U.S. Metals Tariffs to Drive up Oilfield Equipment Costs, Championx Exec Says
Oil pump jacks work at sunset near Midland, Texas, U.S., August 21, 2019.ChampionX (CHX.O), expects new U.S. import tariffs on steel and aluminium to drive up equipment costs for oilfield service firms, a company official said on Tuesday.U.S. President Do
Oil & Gas Supply
11-02-2025

Energy Transfer and Cloudburst Sign Agreement for Natural Gas Supply to Data Centre Project in Central Texas
The agreement calls for Energy Transfer’s Oasis Pipeline, LP to provide up to 450 000 million Btu/d of firm natural gas supply to CloudBurst’s Next-Gen Data Center campus outside of San Marcos, Texas, subject to CloudBurst reaching a f
Oil Field
11-02-2025

Petro-Victory, ATO to Acquire 13 Oil Fields in Brazil’s Prolific Potiguar Basin
Petro-Victory Energy has signed a sales & purchase agreement (SPA) in 50/50 partnership with Azevedo & Travassos Petroleo (ATO) for 13 oil fields located in the Potiguar Basin, onshore Brazil, from seller Brava Energia.Key highlights:Oil fields: 1
Oil Refinery
15-02-2025

Dangote Refinery to Operate at 100% by March
Dangote Oil refinery, currently operating at 85 per cent capacity is expected to go 100 per cent in 30 days.The 650,000-barrel-per-day refinery began processing crude into products, including diesel, naphtha and jet fuel, in January last year and started
Oil Refinery
11-02-2025

HPCL Plans to Raise Vizag Oil Refinery Capacity by 20% to Meet Fuel Demand
State-run Hindustan Petroleum (HPCL) plans to increase the capacity of its Vizag oil refinery in southern India by as much as 20 per cent to meet growing local fuel demand, its chairman Rajneesh Narang said.India is raising its crude processing capacity a
Oil Field
11-02-2025

BP Tackling Production Decline at ‘Largest and Most Prolific’ Oil Field Offshore India
UK-headquartered energy giant BP has been hired by India’s state-owned energy giant Oil and Natural Gas Limited (ONGC) to handle the decline in hydrocarbon production levels at a giant oil field off the country’s west coast.The contrac
LNG
11-02-2025

Celsius and Basalt’s Two-Vessel LNG Fleet Growing by One, Possibly More
UK-based investment firm Basalt Infrastructure Partners has signed a deal to add a newbuild liquefied natural gas (LNG) carrier to the existing LNG platform owned by its joint venture (JV) with Denmark’s Celsius Shipping.The 180,000 cubic-meter
Natural Gas
15-02-2025

‘No Significant’ Emission Impacts From Venture Global’s Proposed US LNG Export Project, FERC Finds
Since the U.S. Department of Energy (DOE) instructed all agencies to carry out environmental reviews before pending liquefied natural gas (LNG) export projects get the green light, the U.S. Federal Energy Regulatory Commission (FERC) has disclosed a draft
Natural Gas
11-02-2025

Mexico’s Carlos Slim Says ‘Complicated’ Deepwater Gas Project Being Evaluated
Mexican billionaire Carlos Slim holds a press conference in Mexico City, Mexico February 10, 2025.Mexican billionaire investor Carlos Slim said on Monday that his team is reevaluating a deal inked with state oil company Pemex to develop Mexico's f
LNG
11-02-2025

Trinidad Sees Revenue Increase From LNG Sales After Contract Revamp
Global Energy Industry Leaders attend the opening day of the T&T Energy Conference in Port of Spain, Trinidad and Tobago, February 10, 2025.Trinidad and Tobago, the largest producer of liquefied natural gas in Latin America and the Caribbean, is seein
Oil Price
11-02-2025

Oil Gains Nearly 2% Despite Trade War Concerns
A view shows oil pump jacks outside Almetyevsk in the Republic of Tatarstan, Russia June 4, 2023.Oil prices rose nearly 2% on Monday after posting their third straight week of losses, even though investors remained worried that U.S. President Donald Trump
Oil & Gas Supply
11-02-2025

Energy Transfer Signs Natural Gas Supply Agreement With Cloudburst
Model of natural gas pipeline and U.S. flag, July 18, 2022.U.S. pipeline operator Energy Transfer (ET.N), on Monday entered into a long-term natural gas supply agreement with private, Denver-based company CloudBurst Data Centers for its development in Cen
Natural Gas
10-02-2025

Taiwan Looks to Buy Alaskan Natural Gas as It Seeks to Head off US Tariffs
Snow capped mountains are reflected in Kenai Lake outside of Cooper Landing, in Anchorage, Alaska, U.S., November 3, 2021. Picture taken November 3, 2021.Taiwan is interested in natural gas from Alaska and will continue to assess the feasibility of purcha
Oil Refinery
15-02-2025

Refinery Fire Drives up Gas Prices in Arizona, Highlighting California Reliance
A fire at one Northern California refinery responsible for 10% of the state’s gasoline production has resulted in higher gas prices in California, Arizona and Nevada, highlighting the latter states’ reliance on aging California refiner
Natural Gas
15-02-2025

Bass Oil to Explore Triassic Gas Potential in Cooper Basin
Bass Oil Limited is conducting a study to assess the gas potential in the Triassic zone of the northern Cooper Basin, following promising results from the Kiwi gas test. This initiative underscores Bass’s strategy to enhance its asset base, with
Crude Oil
10-02-2025

Malaysia’s Petronas to ‘Rightsize’ Workforce to Ensure Survival, Reports Say
President and group CEO of Petronas, Tengku Muhammad Taufik attends the Energy Asia conference in Kuala Lumpur, Malaysia June 26, 2023.Malaysia's state energy firm Petronas will reduce its workforce to ensure its long-term survival amid increasing
Oil Price
10-02-2025

Oil Ticks Higher as Investors Weigh New US Tariffs
A view shows oil pump jacks outside Almetyevsk in the Republic of Tatarstan, Russia June 4, 2023.Oil prices ticked higher on Monday even as investors weighed U.S. President Donald Trump's latest tariff threat, this time on all steel and aluminium
Crude Oil
15-02-2025

Kazakhstan’s Ozenmunaigaz Targets Higher Oil Output in 2025
Ozenmunaigaz will increase oil production to 5.25 million tons in 2025.This became known during a working visit to the Mangystau region by the Chairman of the Board of JSC "NC KazMunayGas" (KMG), Askhat Khassenov, to JSC "Ozenmunaigaz"
Crude Oil
10-02-2025

Chevron Says Fading U.S. Crude Growth Casts Pall on Port Projects
The tanker Eagle Seville discharges crude oil at the Port of Corpus Christi in Corpus Christi, Texas, U.S., as seen in this aerial photo taken on Monday, Dec. 27, 2010.Slowing U.S. oil-production growth is casting a pall over projects intended to expand c
LNG
10-02-2025

Qatarenergy’s New LNG Carrier Fleet Begins to Take Shape
The LNG tankers Rex Tillerson and Umm Ghuwailina at their launch ceremony at Hudong-Zhonghua shipyardFollowing on from the news from the Gulf that Oman’s Asyad Shipping is expanding its fleet by acquiring a further 30 ships, QatarEnergy is now s
Natural Gas
10-02-2025

Ukraine Keeps Gas Imports at a High Level on Sunday, Data Shows
Ukraine will keep gas imports at a high level of 16.3 million cubic metres (mcm) on Sunday, data provided by the operator of the state-run gas transmission system showed.The data suggested Ukraine would import 7.1 mcm of gas from Hungary, 7.3 mcm from Slo
Oil & Gas Trade
08-02-2025

Russian Gas Supplies Arrive in Slovakia via Turkstream, Expected to Rise in Q2
Russian gas supplies have arrived in Slovakia - which had been cut off from previous routes when Kiev declined to extend the transit contract with Gazprom - via the TurkStream gas pipeline system, Slovakia's SPP gas company CEO Vojtech Ferenc told
Oil&Gas Drilling
08-02-2025

Chinese Researchers Use Earth Science Satellite to Monitor Offshore Oil, Gas Platforms
Chinese researchers have unveiled a novel application of the Earth science satellite SDGSAT-1 for observing offshore oil and gas platforms.The study, led by researchers from the Aerospace Information Research Institute of the Chinese Academy of Sciences (
LNG
08-02-2025

Trump Says He Discussed LNG Exports With Japan’s Ishiba
Crude oil pipeline in Fairbanks, Alaska.President Donald Trump said that the US and Japan are discussing a pipeline project in Alaska after meeting with the country’s prime minister, Shigeru Ishiba.We’re talking about a joint venture o
Oil Price
08-02-2025

Oil India Q3 Results: Net Profit Drops 23% on Lower Crude Oil Prices
State-owned Oil India Ltd (OIL) reported a 23 per cent drop in its third-quarter net profit as the price of crude oil produced and sold fell.Net profit was ₹1,221.80 crore in October-December 2024 - the third quarter of April 2024 to March 2025 fiscal (FY

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Turkmenistan Expands Oil Production at Uzynada Field

Nigeria’s Dangote Refinery Says It Can Deliver 1.5 Billion Litres of Petrol in December

Russia’s Rosneft Reports 70% Fall In 9-Month Net Income

$4 Billion Deal in Hand as ADNOC Scores 20-Year Gas Supply Assignment

Gastech 2023 - Shaping the future of energy

UK Eases North Sea Oil and Gas Licensing for Existing Fields